Richard Liu Qiangdong’s Detailed Profile
Richard Liu or Liu Qiangdong is a prominent entrepreneur. He founded JD.com, an e-commerce venture dominating in China and beyond. Richard was born in 1973 in a poor region with Jiangsu province. He joined the Chinese People’s University and graduated in 1996 with a sociology degree. However, for the majority of his time in school, he studied programming because he sensed the blossoming internet world.
Richard Liu earned his EMBA from Chain Europe Global Business. Over time, Richard has earned a lot of wealth and triumph. He dedicated a lot of his time transforming some electronic chains to a digital marketplace called JD.com, and it is now the leading e-commerce platform across the globe.
By January 2016, Richard’s wealth was about $12.7B and his company is still surging on with bigger market leaders such as Google and Walmart. JD.com’s momentum can only be compared to Amazon. Richard Qiangdong is ranked among the prominent founder of Amazon, Jeff Bezos.
Richard Liu launched his venture by selling some products like CD ROS in 1998 in Beijing. The stores advanced quickly up to 2003 when it had 12 storefronts across China. This momentum was slowed down by the SARS pandemic that restricted Richard’s expansion strategies and also affected the business’ growth.
Richard started contemplating a digital business because many internet users were growing daily to hit one billion globally. These deliberations triggered the formation of JD.com in 2004. The business was selling magneto-optical materials but later included mobile phones, electronics, computers, and other tech commodities.
In 2007, he named the venture 360buy.com, and in 2013, JD.com in a deal worth $5M. JD.com ranks among the best B2C digital retailers in China, transaction-wise by revenue and volume. In early 2018, the company had amassed over 300M users. Tencent has a 20% share capital in JD.com. This venture has been leading in AI distribution and high tech since its development. See this page for related information.
Find more information about Richard Liu on https://corporate.jd.com/richard-liu-jd-ceo-about